SAO PAULO (Reuters) – Brazilian Communications Minister Fabio Faria stated on Friday that the federal government might schedule a brand new 5G spectrum public sale to promote batches that didn’t entice curiosity, primarily within the 26 GHZ frequency.
Brazil telecom regulator Anatel concluded an public sale on Friday with Faria saying in a information convention that the sale raised a complete of 46.79 billion reais ($8.44 billion) together with future capital expenditure commitments, making it the biggest public sale of telecom belongings up to now in Latin America.
Telecom Italia, Telefonica and America Movil gained many of the spectrum rights via their Brazilian subsidiaries within the last a part of the public sale on Friday, however native rival Algar Telecom additionally secured some.
Chatting with reporters in Brasilia, Faria stated the federal government thought of the public sale profitable, as the full worth for the offered tons was round 5 billion reais above minimal costs. The nation now has six new telecom operators to compete with the bigger corporations, the minister added.
The minister and Anatel official Abraao Albino stated the 26GHZ spectrum didn’t entice curiosity because of uncertainties within the enterprise mannequin. The federal government will think about a brand new public sale to supply the unsold batches.
($1 = 5.5414 reais)
(Reporting by Alberto Alerigi and Tatiana Bautzer; Modifying by Kirsten Donovan)
